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Top 4 things you need to know about the market on Tuesday
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Loading...1. Tensions in Trade-War decreased
The US has reduced the tension with China, but the Chinese are not impressed.
After the Department of Commerce said it would give special exceptions to US companies selling to Huawei for three months, Huawei's founder, Ren Zhengfei, said that this would not stop a further conflict between the US and China.
The Organization for Economic Cooperation and Development once again warned that trade disputes threaten to be a long-term brake on global growth. They say business investment this year will only grow by 1.75%, roughly half the level of last year.
2. Wall Street prepares to open in green
US stock markets will open at higher prices after Asian and European stocks rose overnight.
At 12:45 am GMT, the S & P 500 Futures contract grew by 13.4 points or 0.5% and the Dow Futures contract rose by 107 points, or 0.4%, while the technology contract The Nasdaq 100 grew by 54 points, or by 0.7%.
3. The rising oil impulse pauses
Crude oil prices have paused the upward movement on the back of the escalating war between President Donald Trump and Iran.
"Today's situation is inappropriate for negotiations and our choice is self-defense," Iran's state news agency IRNA, quoted by President Hassan Rouhani on Monday.
At 12:45 PM GMT GMT WTI futures rose 0.3 to $ 63.40 a barrel, while Brent's futures were $ 71.97.
4. Existing house sales, Fed speeches
Today is comparatively light for the economic data calendar, with existing sales of homes being in focus. They will be posted at 17:00 (GMT +3). Expectations are for an increase of 2.7% after a decline of 4.9% in March.
There will also be speeches by Chicago Fed President Charles Evans at 17:45 (GMT +3) and Boston Fed President Eric Rosengren at 19:00.
Trader Milko Zashev Read more:
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